CUET Accountancy - The following journal entry is recorded in the books of RST Ltd. on issue of debentures : Bank a/c Dr 18,00,000 Loss on issue of Debentures a/c Dr 6,00,000 To 14% Debentures 20,00,000 To Premium on Redemption of Debentunes 4,00,000 Debentures have been issued at a discount of : | PYQs + Solutions

CUET Accountancy 2022 20 July Shift 1

Company Accounts

Medium

10%

15%

30%

✅ Correct Option: 2

Related questions:

28 May Shift 1

Debentures issued for consideration other than cash includes, debentures :

(A) Issued to bank as additional security

(B) Issued to vendor

(D) Issued to creditor

(E) Issued for cash

Choose the correct answer from the options given below :

3 June Shift 1

Which among the following debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures. Interest on the debentures is paid to a person who produces this interest coupon attached to such debentures?

15 May Shift 2

Which of the following will be included in case debenture's are issued to vendor at a discount for purchase consideration other than cash?

(A) % Debenture A/c is credited

(B) Vendor A/c is debited

(D) Securities Premium Reserve A/c is credited

Choose the correct answer from the options given below:

CUET Accountancy 2022 20 July Shift 1 PYQs

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